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Business Summary:
Taken from the Annual Report: 52 weeks ended 28th January 2023.
Gross takings have grown 6.7% in the year, driven by a change in lifestyle following the end of COVID restrictions. Operating costs have increased 6.2% in the year, driven by soaring energy and distribution costs. This is despite energy usage and distribution volume being reduced.
Food: Gross takings of core products have decreased by 1% against a volume decline of 7.9%.
Department Stores: Gross takings have increased by 37%despite footfall still being 39% lower than pre-pandemic levels.
Travel: Gross takings have increased by 280% as the travel industry continues to rebound following COVID-restrictions.
Funerals: Gross takings have increased by 6% ‘year on year’, helped in part by a new branch in Basildon.
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